Contract Unit 1,000 metric tons
Price Quotation U.S. dollars per metric ton
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.001 = $1.00 per metric ton
Product Code CME Globex: FLP
CME ClearPort: FLP
Clearing: FLP
Listed Contracts Monthly contracts listed for the current year and the next 2 calendar years.Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the USD per metric ton rate for the LPG1 freight route (BLPG1) (i.e. Ras Tanura, Saudi Arabia to Chiba, Japan for cargoes of 44,000 metric tons, or as subsequently amended) published by the Baltic Exchange for each day that it is published during the Settlement Period.
Termination Of Trading For contract months January to November inclusive: Trading terminates on the last business day of the calendar month.
For December contract months: Trading terminates on the 24th calendar day of the month, or if this is not a business day, the first preceding business day.
Exchange Rulebook NYMEX 679
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing